GBPJPY h PatternDown it goes all the way upto 156 i've seen this pattern before and i 've lost my life on one of these i was long The h pattern means deathShortby GlassICE0
Check the trend According to the behavior of the price in the current support range, possible scenarios have been identified. An upward trend is expected to form and advance to the specified resistance range by STPFOREX0
GBPJPYAnalyze the weekly timeframe, we bearish for the long term. Daily structure is bearish also. H4 Had a Double top. H1 a double top below a double topShort02:17by IvsWolf1
gbpjpy insightlooking at the clients sentiments, many traders are buying gbpjpy.if there are many buyers markets will do the opposite. on daily timeframe we expect it to drop and make monthly low and at that point no more buyers will be left since thats the furthest stoploss location. once that point is reached gj will reverse trapping sellers and we will go back to all time highs above 200 mark.Shortby CH_shares0
GBPJPY- Hammer patternCandlestick pattern- Hammer (daily chart) The near-term resistance is around 186.40,a breach above targets 187/188.13 (Sep 9th high).Major trend continuation only above 190. The immediate support is at 185.40, any violation below will drag the pair to 185/184.56/183.58/182.79. It is good to buy on dips around 185.58-60 with SL around 184.56 for a TP of 188. Longby FxWirePro1
gbpjpy longMoving Averages: The price is currently trading above the 50-period and 200-period moving averages, which is a strong bullish signal. This suggests that the overall trend is upward1. Relative Strength Index (RSI): The RSI is hovering around 60, indicating that the pair is not yet overbought and has room to move higher1. MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, and both are above the zero line, indicating bullish momentum1. Chart Patterns: There is a potential bullish flag pattern forming, which typically indicates a continuation of the current uptrend2. Overall, the technical indicators suggest a bullish outlook for GBP/JPY on the H4 chart. However, it’s always important to keep an eye on economic news and events that could impact the currency pair. Would you like more detailed information on any specific indicator or pattern?Longby Mansa_Musa_Capital0
GBPJPY SELL 650pip!!! GBPjpy sell Bounced off daily resistance and huge push towards downside 650 pips profit!! Low risk trade Trade at your own risk! This is not financial advice. Follow for more sniper entries! Shortby PrimarniSolutionsLTD0
GBPJPY SELL NOW!!! Low risk 600pip trade!!Daily resistance hit Low risk 15 pip stop loss 650 pip take profit !!! Sell now!! Shortby PrimarniSolutionsLTD0
Long position GBPJPYSimple price action trading after the hammer candle stick formation we'll waiting for confirmation and enter position big swing Entry TP SL on the chart as well. Happy trading.Longby SaliouFx0
GBPJPY SELL TRADE PENDING ORDER SEPT 11This trade come to fruition during CPI news release. I set the pending order during New york Session after gbpusd selling pressure. Confluence of this pair along with USDJPY. As you can see there was a previous Break of Structure to the downside on the previous day. I wait for an opportunity for Asian session to create supply and then wait for the supply area to setup my sell limit. Activated at around 9AM EST. Tap and then leaving the zone with a 3:1 RR. If you keep on studying and giving a lot of patience in this industry, Im sure all your hardwork will pay off. KEEP THE FAITH. #Wyckoff #SuppyandDemand Confluence ( 4h BEARISH - 1h BEARISH Structure) Shortby glyrad0
GBPJPY | Trade ideaOn Tuesday, the yen gained support as Bank of Japan Governor Kazuo Ueda maintained a hawkish stance, indicating the central bank might raise rates further if the economy meets expectations. Ueda’s comments were part of a document presented to a government panel led by outgoing Prime Minister Fumio Kishida, where he detailed the BOJ’s July policy decision. His remarks emphasized that despite global market volatility, partly triggered by the BOJ's July rate hike, Ueda remains committed to raising borrowing costs if the bank’s projections are realized.Longby DCFX-TAUpdated 0
GBPJPY sell by pip count use a stop and reverse this pairSelling due to the 65 PIP rule and target hits. This one’s risky so we use a stop in reverse on this pair in case New York is buying.Shortby Rrtexx0
GBPJPY Bearish Continuation ObservedGBPJPY Bearish Continuation Observed During the Asian session, we've seen a clear bearish continuation on GBPJPY. A key level has formed in the 185.500 - 185.400 range. We will be waiting for a potential setup within this zone, as price action here could give us insight into the next directional move. Patience is key, and we’ll wait for the right signal before executing any trades. Stay vigilant!Shortby arpitdahal3
Downtrend It is expected that the downward trend will continue until the specified support levels are formed. Then, according to the behavior of the price in this range, the continuation of the downward trend will be probableShortby STPFOREX2
Daily GJ UpdatesHello Traders! GJ keeps on selling and so are the other yen crosses.16:21by ForensicForex1
my analasist hey how would you guys trade this type of set up ?? thats my anylist Long01:09by kakafort401
my analasist hey how would you guys trade this type of set up ?? thats my anylist Long01:09by kakafort404
British Pound Japanese Yen - GBPJPY - 10/09/2024British Pound Japanese Yen - GBPJPY - 10/09/2024 Today, we were closely watching the Previous Daily High (PDH) as a key level. The plan was simple: if the price breaks above the PDH, we’d expect to see some bullish momentum, signaling buyers taking control. Previous Daily High (PDH): If we break this level, it usually means the market is moving higher, and we should be prepared for a possible bullish run. Resistance for the Day: As the day progressed, we noticed a resistance level forming, which was keeping the price from moving higher. This gave us an early signal that the upward push might be losing steam. My Trade: Anticipating that the price wouldn't break the PDH and might reverse, I decided to take some sell positions, expecting the market to head lower from here.Shortby arpitdahal112
my buy setups in GBP JPY m15Hello my friends I want to have A BUY position on GBP JPY M15 currency pair. Thank you for your attention(NOT SIGNAL JUST AN IDEA)Longby ask2338785004
GBPJPYWeekly bearish Daily Pin bar, but we still need a confirmation H4 rejection of a key levelShort01:08by IvsWolf4
GBPJPY outlook GBPJPY has made a beautiful move lastly the overall trend on higher time frames is bullish but on H1 i am feeling like gold will get a dip if it breaks above this recent high and present a price action candle we will buy this pair as it reaches its recent weekly Resistance level if it breaks above it will be a buy to its global resistance or it will be a sell to recent resistance became supportby Wakeel_Saab1
Weekly Forecast - Spoilt for choice with opportunity this weekWill the dollar correct higher or is the correction done and we're about to sell off aggressively? I'm more in favor of the former which would correlate structurally with the daily pullbacks we're seeing on EurUsd and AudUsd, which have formed 1H ranges respectively and are pending EPD mitigation for a sell off. After missed trades on Yen pairs today, I'll be looking for consolidation over Asian session before a continuation of the bearish momentum during London or New York session tomorrow (10/09/2024).Short14:38by The_Modern_Day_Trader0
British Pound Japanese Yen (GBP/JPY) - 09/09/2024GBPJPY - 09 Sept 2024 Analysis: 1. Market Behavior: - GBPJPY typically moves from zone to zone - Respects 4-hour structure points 2. Trade Opportunity: - Sought selling opportunity at London open - No bearish signal observed, resulting in no trade execution - No setup = No signal = No trade - Strong bearish candle closed before New York open (30-minute timeframe) 3. Entry Criteria: a) Enter on a wick up at New York open b) Enter on a break of the previous candle's low 4. Execution: - Opted for entry on break of previous candle's low - Uncertain about New York session's initial wick up as it wasn't at structure point. (A bearish signal at the zones could have justified entry on the wick up.) Result: - Successfully executed a 3R:R trade Lessons: 1. Patience in waiting for clear setups pays off 2. Flexibility in entry strategies based on market conditions is crucial 3. Importance of having predefined criteria for trade executionShortby arpitdahal116